In the present day everyone wants to live a secure and peaceful life. We work to earn a salary in order to fulfill our daily needs & desires. As the time is unpredictable so we might have to face an emergency at any moment. Therefore we need to secure ourselves by making some savings and investments. Acacia Federal Savings Bank offers the opportunity to get assured returns on your investment. The Certificate of Deposit Account guarantees more than what you expect and want from your investment.
Acacia Bank runs its deposit operation nationwide. The bank’s website provides interactive Online Banking. You may directly open your account and start enjoying high rates on your Certificates of Deposit Account. The rates as current on 31-05-08 are given below:
For opening a CD account you need a minimum opening deposit of $500.
CD Account for 3 months term earns 3.11% interest, 3.15% APY.
CD Account for 6 months term earns 3.16% interest, 3.20% APY.
CD Account for 9 months term earns 3.35% interest, 3.40% APY.
CD Account for 12 months term earns 3.40% interest, 3.45% APY.
CD Account for 18 months term earns 3.64% interest, 3.70% APY.
CD Account for 24 months term earns 3.74% interest, 3.80% APY.
CD Account for 30 months term earns 3.83% interest, 3.90% APY.
CD Account for 36 months term earns 4.07% interest, 4.15% APY.
CD Account for 48 months term earns 4.17% interest, 4.25% APY.
CD Account for 60 months term earns 4.31% interest, 4.40% APY.
Current Special CD Account:
CD Account for 22 months earns 3.83% interest, 3.90% APY.
DESIGN Your OWN:
You can design your own CD account between 6 to 60 months. For information on rates you can call 1-800-950-0236.
CD Account Features:
– As compared to your local bank you get significantly higher rates.
– You can design your account maturity from 3 months to 5 years.
– Up to $100,000 your funds are insured by FDIC.
– Early withdrawal penalty may be imposed.
– Fees may reduce the earnings.
– Interest is compounded daily and can be paid to you monthly, quarterly or semi-annually OR you can earn interest-on-interest until maturity.
You can apply for your account online via their website (www.afsbonline.com), and send your check or wire transfer your funds (wire transfer to and from acacia bank is free for On-Line Banking customers).